Stock Traders Purchase High Volume of Lithium Americas (Argentina) Call Options (NYSE:LAR)

Lithium Americas (Argentina) Corp. (NYSE:LAR) saw some unusual options trading activity on Monday. Stock traders purchased 3,839 call options on the company. This represents an increase of 535% compared to the typical daily volume of 605 call options.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LAR shares. National Bank Financial raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 11th. Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Wednesday, August 20th. Zacks Research raised Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. National Bankshares upgraded Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $2.90 to $4.50 in a report on Tuesday, August 12th. Finally, BMO Capital Markets increased their target price on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a “market perform” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lithium Americas (Argentina) presently has a consensus rating of “Hold” and a consensus target price of $4.00.

Lithium Americas (Argentina) Stock Performance

Shares of Lithium Americas (Argentina) stock opened at $4.42 on Tuesday. Lithium Americas has a 1 year low of $1.71 and a 1 year high of $4.67. The business has a 50-day moving average of $3.26 and a two-hundred day moving average of $2.53.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its holdings in shares of Lithium Americas (Argentina) by 24.1% during the second quarter. Osaic Holdings Inc. now owns 38,027 shares of the company’s stock worth $79,000 after acquiring an additional 7,378 shares during the period. Orion Resource Partners LP raised its stake in shares of Lithium Americas (Argentina) by 619.0% in the 2nd quarter. Orion Resource Partners LP now owns 345,155 shares of the company’s stock valued at $718,000 after purchasing an additional 297,150 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Lithium Americas (Argentina) by 164.3% during the second quarter. Balyasny Asset Management L.P. now owns 199,553 shares of the company’s stock worth $415,000 after buying an additional 124,064 shares during the period. Bank of America Corp DE grew its holdings in shares of Lithium Americas (Argentina) by 5.4% during the second quarter. Bank of America Corp DE now owns 395,652 shares of the company’s stock worth $823,000 after buying an additional 20,253 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Lithium Americas (Argentina) by 30.9% in the 2nd quarter. Jane Street Group LLC now owns 373,603 shares of the company’s stock valued at $777,000 after buying an additional 88,230 shares during the last quarter. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Company Profile

Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.